Column: How Walgreens, CVS and Rite Aid tried to take over healthcare — and failed
1 year, 2 months ago

Column: How Walgreens, CVS and Rite Aid tried to take over healthcare — and failed

LA Times  

Think this will be your new healthcare provider? issued an alarming report listing CVS and Walgreens among companies that had grabbed market share in “primary care, concierge medicine, virtual care, in-home medical services and elsewhere.” It seemed that this trend might continue, as the pharmacy chains exploited their networks of stores on virtually every American corner. “We don’t see the growth coming fast enough in certain markets.” At CVS, executives paint the effort to remake the company into an integrated healthcare provider as very much a work in progress. “If you think about what’s happening in America relative to healthcare,” Chief Executive Karen Sue Lynch told investment analysts at a Morgan Stanley healthcare conference in September, “it’s. Gavin Newsom said he would stop the state from doing business with the company, or any other “that cowers to the extremists and puts women’s lives at risk.” CVS ran into the buzz saw of Medicare politics in August, when a New York state judge blocked the transfer of 250,000 Medicare patients to Aetna’s Medicare Advantage plan.

History of this topic

CVS and Walgreens are ailing. Here's why
2 months, 1 week ago
Large US pharmacy chain to close more stores
5 months, 3 weeks ago
Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too
5 months, 3 weeks ago
Walgreens to take a hard look at underperforming stores, could shutter hundreds more
5 months, 3 weeks ago
Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
1 year, 2 months ago
CVS, Walgreens are locking up more products behind plexiglass, but that won't stop pharmacy chains' broader decline.
2 years, 1 month ago

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